Revolver Loan definition

Revolver Loan means each Loan with respect to which the Borrower has a revolving credit commitment to advance amounts to the applicable Obligor during a specified term.
Revolver Loan means a Line of Credit Loan which converts to a Term Loan after a specified time indicated in the loan agreement.

Examples of Revolver Loan in a sentence

  • Each Notice of Borrowing shall be irrevocable and shall specify (A) the Borrowing amount, (B) the requested funding date (which must be a Business Day), (C) whether the Borrowing is to be made as a Base Rate Loan or Term SOFR Loan, (D) whether the Borrowing is a Revolver Loan or a Term Loan, and (E) in the case of a Term SOFR Loan, the applicable Interest Period (which shall be deemed to be one month if not specified).

  • In no event shall Revolver Lenders have any obligation to honor a request for a Revolver Loan if Revolver Usage at such time plus the requested Revolver Loan would exceed the Borrowing Base.


More Definitions of Revolver Loan

Revolver Loan means a loan made by Bank as provided in Section 2.1.1 hereof.
Revolver Loan means any Loan made under the Revolver Facility.
Revolver Loan means that certain revolving credit facility from Deutsche Bank Trust Company Americas to Strategic Hotel Funding, L.L.C., evidenced by that certain Credit Agreement, dated as of March 9, 2007, between Deutsche Bank Trust Company Americas, as the administrative agent, various financial institutions, as lenders specified therein and Strategic Hotel Funding, L.L.C., as borrower (“Credit Agreement”) as the same may hereafter be amended, restated, supplemented or otherwise modified or replaced, from time to time.
Revolver Loan has the meaning given such term in Section 2.1(a).
Revolver Loan has the meaning set forth in Section 2.01.
Revolver Loan a Revolver Loan made by a U.S. Lender to a U.S. Borrower pursuant to Section 2.1.1(a), which Loan shall be denominated in Dollars and shall be either a U.S. Base Rate Loan or a LIBOR Loan, in each case as selected by Borrower Agent, and any U.S. Swingline Loan, U.S. Overadvance Loan or Protective Advance made to or owed by the U.S. Borrowers.